Campion Asset Management Reduces Stock Position in Exxon Mobil Corporation $XOM

Campion Asset Management lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,655 shares of the oil and gas company’s stock after selling 377 shares during the period. Exxon Mobil accounts for approximately 1.4% of Campion Asset Management’s portfolio, making the stock its 17th largest holding. Campion Asset Management’s holdings in Exxon Mobil were worth $1,903,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Graybill Wealth Management LTD. purchased a new stake in shares of Exxon Mobil in the first quarter worth $29,000. Elequin Capital LP purchased a new stake in shares of Exxon Mobil in the first quarter worth $31,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after buying an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC raised its position in shares of Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after buying an additional 300 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA purchased a new stake in shares of Exxon Mobil in the second quarter worth $38,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on XOM shares. Mizuho lowered their price objective on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an “overweight” rating in a research report on Thursday, June 26th. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. Melius initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. Finally, Bank of America raised their price target on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Hold” and an average price target of $125.00.

Exxon Mobil Stock Down 0.6%

Shares of NYSE:XOM opened at $112.04 on Thursday. The stock’s 50-day moving average price is $111.09 and its 200-day moving average price is $109.58. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The stock has a market capitalization of $477.64 billion, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 2.05 and a beta of 0.51. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $81.51 billion for the quarter, compared to analysts’ expectations of $79.07 billion. During the same period last year, the firm earned $2.14 earnings per share. The company’s revenue for the quarter was down 12.4% compared to the same quarter last year. On average, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 56.25%.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.